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ABOUT THIS FUND

The investment seeks return linked to a quarterly rebalanced leveraged participation in the performance of the STOXX Europe 50 USD (Gross Return) Index (the “index”). At inception the ETN is designed to target two times the performance of the index. A quarterly rebalancing event or a loss rebalancing event will aim to reset the leveraged exposure to the index to approximately two. The index is composed of 50 European blue-chip companies selected from within the STOXX Europe 600 Index.